DENVER, March 27, 2015 /PRNewswire/ -- The Pulse
Beverage Corporation ("Pulse" or "the Company) (OTCQB: PLSB),
makers of PULSE® Heart & Body Health functional beverages and
Natural Cabana® Lemonades, Limeades, and Coconut Waters, announced
today that today the Company closed a non-brokered private
placement and sold 10,050,000 Units to private investors at a price
of $0.10 per unit. Each Unit
consisted of one share of the Company's common stock and one half
of a warrant. Each whole warrant allows the holder to
purchase one share of the Company's common stock. Each
warrant is exercisable at $0.20 per
share and expires between March 10,
2016 and March 26, 2016. The
common shares will be issued with a restrictive legend to satisfy
all hold periods required by all applicable securities rules and
regulations.
The funds will be used for general working capital purposes but
primarily utilized to expand our operations into Mexico and Canada and support working capital growth.
"We are thrilled with the response to our fundraising efforts,"
commented Robert E. Yates, CEO of
Pulse, "It is gratifying to see our founding and early-on
shareholders reinvest in us. With these additional funds we can
accelerate our Mexico,
Canada and domestic expansion
plans."
Pulse encourages the public to review Pulse's website and its
public filings posted on its website at www.pulsebeverage.com, or
at www.sec.gov, which contain information about Pulse that has been
prepared by Pulse.
About The Pulse Beverage Corporation
Pulse Beverage Corporation is an emerging beverage company that
offers beverage brands that are great tasting, good-for-you,
refreshing, low-calorie natural drinks, including: PULSE® Heart
& Body Health functional beverages, Natural Cabana® Lemonade
and Limeade and Natural Cabana® Coconut Water. Combining
all-natural ingredients, essential vitamins and minerals, Pulse's
beverage brands provide consumers with high-quality, healthy
alternatives. For more information, please visit:
www.pulsebeverage.com or email info@pulsebeverage.com.
Follow Pulse Beverage on Twitter
at https://twitter.com/drinkpulsebev.
Become a Pulse Beverage Facebook Fan
at https://www.facebook.com/PulseBeverageCorporation.
Forward-Looking Statements
http:/ir.pulsebeverage.com/forward-looking- statements
Investor Relations Contact:
Colin Banks
Acorn Management Partners
Phone: +678-736-5681
investors@pulsebeverage.com
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SOURCE The Pulse Beverage Corporation